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3 <br /> I 4C <br /> 6 ` <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> jNOTES TO FINANCIAL STATEMENTS <br /> JUNE 301, 1989 <br /> Designated Fund Balance. Designated fund balance indicates that a <br /> Portion of fund equity which the town has made tentative <br /> plans for, or <br /> other legal restrictions exist, which prevent this equity from being <br /> classified as undesignated. The following have been classified as <br /> designated for special purposes: <br /> General fund Special Revenue Trust Funds <br /> Undesignated Fund Balance S 125, 164 <br /> Hotel/Motel Reserve 55,000Ambulance Reserve 36, 660 <br /> Municipal Waterway <br /> f Improvement Fund 9, 200 <br /> CProceeds. - Sale of <br /> Fire Truck 6,t�03 <br /> County Dag Fund <br /> 60 <br /> Cranberry Bag Receipts <br /> Stabi I i tat i on 201, 48833 <br /> ------ $185, 063 <br /> $ 125, 164 $ 127, 414 $185, OC 3-- <br /> The amounts designated for specific Purposes was approved pproved by the local <br /> during the Spnpr•i e Sp body (called the town meeting in Massachusetts towns) <br /> during 1989 annual town meeting. <br /> Undesignated Fund Balance. In order to prepare the accompanying <br /> j financial statements in accordance with generally <br /> Principles, certain budgetary surpluses and deficits, which would <br /> Otherwise be reflected on the� balance sheet under the Massachusetts <br /> Statutory <br /> System, have been included in undesignated fund balances as <br /> u <br /> follows: <br /> f General Special Revenue Trust and <br /> Fund _Fund Agency Fund <br /> Undesignated Fund Balance $2, 450, 059 269, 136 S 502, 027 <br /> State and County Under <br /> Assessments (Net) ( 3, 986) <br /> ----------- ----------- ---------- <br /> $2, 454, 073 <br /> ---------$2, 454, 0173 $ 269, 136 t 502, 827 <br /> Total Columns on Combined Statements. Total columns on the combined <br /> statements are captioned "Memorandum Only" to indicate that they are <br /> Presented Only for informational purposes. Adjustments to eliminate <br /> interfund transactions have not been made and data in these columns do <br /> not Present financial position or represent consolidated information. <br /> 20 <br />